GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
And additionally
https://m.youtube.com/watch?v=GWmhE67amlk
It’s worth reviewing some of the latest interviews.
https://m.youtube.com/watch?v=bgThyc6Y6QU
MrT given the musings and words we have heard to date I personally think news of a funding partner and structure has a similar likelihood of being announced tomorrow as it could be next week or month.
At current levels and at such a low valuation it would be transformational and I’d expect the gap up on open to be immense. Despondency and impatience are generally at the detriment to most PIs. As I stated earlier, I will continue to add at these levels.
It appears common sense has gone out the window and the majority of sellers are generally weak hands panicking.
I have taken the opportunity to add to my holding here today, given the nature of achievements to date a £7m MCAP is laughable.
Lest we forget that multiple offers of financing are on the table and as has been communicated on numerous occasions the rebate of spends to date (circa £15-20m) is expected as part of any negotiated deal.
Regardless I expect the shares to be trading at a multiple on the announcement of such news, the rest around protestors is just noise and - I will continue to add around 0.5 levels and under.
Manyana, Just to be clear - APEC are awaiting $1m from their own funders JIC so it is nothing to do with APEC
Secondly, PVR are clearly happy with progress to date as are major IIs as they will be reassured to what process is underway and nobody has yet to sell down their position.
PVR are updating the market as needed - the backstop is being extended as per continual updates and clarification from the legal parties, banks and finders ergo all appears to be moving forward albeit at a slower and more cautious pace however, these are the loop holes Chinese and overseas policies and checks enforce on such transfers.
RBT I thought you had already moved on?
Update 23 July, 2019 - Publication of Environment Impact Assessment (EIA) Determination
EIA Screening Determination
On 23rd July, 2019 an Environmental Impact Assessment (EIA) Screening determination was made under the European Union (Environmental Impact Assessment) (Petroleum Exploration) Regulations 2013 (S.I. No 134/2013), as amended by the European Union (Environmental Impact Assessment) (Petroleum Exploration) (Amendment) Regulations 2019, that the site survey proposed by Exola DAC within the Barryroe licence area (SEL 1/11) is not likely to have significant effects on the environment and, consequently, an Environmental Impact Assessment is not required, subject to the implementation of the mitigation measures included in the EIA Screening Determination and their inclusion as conditions in any permission that may be granted by the Minister in respect of the application.
The EIA Screening Determination and associated documentation are attached.
Update 23 July, 2019 - Publication of Environment Impact Assessment (EIA) Determination
EIA Screening Determination
On 23rd July, 2019 an Environmental Impact Assessment (EIA) Screening determination was made under the European Union (Environmental Impact Assessment) (Petroleum Exploration) Regulations 2013 (S.I. No 134/2013), as amended by the European Union (Environmental Impact Assessment) (Petroleum Exploration) (Amendment) Regulations 2019, that the site survey proposed by Exola DAC within the Barryroe licence area (SEL 1/11) is not likely to have significant effects on the environment and, consequently, an Environmental Impact Assessment is not required, subject to the implementation of the mitigation measures included in the EIA Screening Determination and their inclusion as conditions in any permission that may be granted by the Minister in respect of the application.
The EIA Screening Determination and associated documentation are attached.
Let loose hands out but yes, it is difficult to acquire in any size due to lack of free float.
Think permit is a foregone conclusion now just pending the signature of the minister which should be expected very shortly.
Funding also around the corner, Barryroe is about to be exploited via a huge campaign. LOGP has low daily overheads and fully carried for the campaign, also recently funded by major holders by way of loan.
gkb, perhaps best you read the RNS - given $8m is secured a senior loan note from BP and Rockhopper have provisionally agreed to take UPTO $5m on equity with a 12 month lock in this is outstanding terms.
Any remaining balance will be paid with cash and also from the funds of the recent crown divestment.
Ranger a discovery already has been made.....
Secondly, their won’t be a requirement to stump up cash on development to PVR since EXOLA will no longer be operator at such stage.
Given COSL are providing the equipment on the venture and JIC are instrumental in funding their will be little in the way of costs for PVR since the terms of the farmout stipulate that they are carried for the entire program.
PVR rising again
Excellent, as assumed additional checks have slowed down the release of funds.
Moneys in transfer.
Remittance note was passed for HSBC, as I’ve posted many times before.
This is not some two bit operation, the farminees are state owned and thus backed by the Chinese government.
Read PVRs RNS. Probably extended verification process due to overseas transfer hence the extension.
“However, the Company has been given assurances that the transfer process is underway, but as of last night was not complete.”
Urraca it’s in the RNS.
APECs funder is Chinese state owned JIC. Just as COSL are providing the operation requirements for EXOLA. COSL being a subsidiary of CNOOC who again are also Chinese state owned.
The Chinese government are ultimately invested.
PVR up almost 10%
Nobby, JW has a lot more sunk in here and bought on market.
As for longlads prediction of throwing in the towel, absolutely ridiculous.